MIDEAST STOCKS-Gulf markets start on weak note, Qatar hit by Ooredoo results | Reuters

MIDEAST STOCKS-Gulf markets start on weak note, Qatar hit by Ooredoo results | Reuters:

Qatari stocks were among the major losers in Gulf markets in early Monday trade, hurt by heavy selling in shares of Ooredoo after the telecommunications company posted a 60 percent drop in quarterly earnings.

The Dubai index was little changed, supported by a 1.5 percent gain in Emaar Malls after the property firm reported a 15 percent rise in second-quarter net profit, broadly in line with market forecasts.

Shares in Ooredoo plunged 5.4 percent after reporting a 60 percent decline in second-quarter net profit a day earlier.